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What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
For the modified accrual basis of accounting what would be the entry to record the purchase of an building?
Where could one purchase an accounting package?
There are many places one might go to purchase an accounting package. In addition to one's local accounting firm, one might also try purchasing from the Amazon website.
What will be accounting entry when a purchase order is created?
There is no journal entry required when purchase order is created because no accounting transaction occurred until received any inventory or product.
What is the difference between purchase and pooling accounting methods?
1. In case of Pooling Accounting new balance sheet of the combined company is created whereas in case of Purchase Accounting no new balance sheet is prepared. Thepurchasing company adds the assets of the acquired company to its balance sheetusing a fair market value.2. In case of Pooling Accounting it is basically the merging of two companies whereas incase of Purchase Accounting the acquired company is known as investment.3. In case of Pooling Accounting 'who is buying whom' is not clearly stated whereas incase of Purchase Accounting 'who is buying whom' is clearly stated.4. In case of Pooling Accounting it didnot record the price the acquiring company has topay for the acquisition whereas in case of Purchase Accounting it is valued using thefair market value.Answer by,Mr. Shabbir Alam
Accounting equation for purchase supplies for cash?
supplies cash
Where can one purchase an easy accounting software?
One can purchase easy accounting software from the company Intuit which sells the product Quick Books. The software is user-friendly and popular with small businesses.
Where can one purchase inventory accounting software?
There are many places that offer the consumer the purchase of inventory accounting software. For example, Ebay, PC World, Intuit UK, BT Business and Rakuten.
Where online can one purchase home accounting software?
One can purchase a home accounting software from Quick Books site. This software will help one save time and make money. Quick Books is a known accounting software which is being used by thousands of people.
Where can one purchase Intuit Accounting Software?
One can purchase Intuit Accounting Software from the following retailers: Intuit Uk, Play, Amazon, eBay, Best Buy, Quick Books Professional, WI Software.
What the accounting journal entries to record purchase of basketball?
debit basketballcredit cash
In accounting Cash purchase of supplies should be recorded in what?
cash payments journal
